'...OK seriously whats holding gold up? ...'
You meant to say, 'what's holding gold down?'
The 'BEEF' is smokin' on the leach pad waiting for $50,000 gold. Wait, just wait. This announcement will bowl you over.
He won't. The rabbit stays in the hat.....OR, we assume there is a rabbit in the hat.
Excellent interview, and an intelligent comment on gold/silver by Jim. I'm impressed.
TRX waiting for gold to hit record highs in order to produce gold, is like the magician pulling a rabbit out of the hat. The audience waits patiently, and waits, and waits. No rabbit. No gold.
TRX is a wannabe 'gold stock'. That is the 'line' that management wants you to believe. They would love for you to buy shares in TRX with the intention that when the price of gold sky rockets, they will begin digging out 'chunks of gold' from the ground, and make you, the investor, very rich. If you believe that, then I will sell you the Brooklyn Bridge for $5,000.
Is a half glass of water considered half full, or half empty?? Run that by me.
China may be In chaos but they possess a staggering 15,000 – 18,000 tons of gold.
The feeling is that this will probably be their strategy. China has much more gold than what was recently indicated by their central bank. The real number (of their true gold reserves) could be 15,000 – 18,000 tons (including gold held by the state-owned banks). And the central bank is free to take as much gold as they want (from the state-owned banks, etc). And if the price of gold goes up 10 percent, so does the amount of their true reserves.
But longer-term China will be successful. You will see a Silk Road and a massive spend on infrastructure and a massive reversal on commodities. If you look at China today they still have a lot of 'rabbits' they can 'pull out of the hat'. They still have close to $4 trillion in reserves. But the only real viable asset on the screen is going to be something like gold or gold related….”
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Maybe TRX can hire Trump to pose on that mound of dirt on the leach pad???